NRC IRAP provides funding to support research and development projects at various stages of the innovation cycle. In 2018‑2019, NRC IRAP was mandated to expand its support to include an increased funding threshold of up to $10 million for larger research and development projects. Working as an extension of traditional NRC IRAP support, the additional funding for larger research and development projects is targeted toward firms that will have demonstrated to the program the ability to grow rapidly and significantly. These firms will be identified by NRC IRAP with the objective to help recipients of this increased funding threshold achieve transformative growth within 5 years of completing their project and, in so doing, significantly benefit Canada’s economy.
If it is determined that NRC IRAP support could benefit your development and growth strategies, you will be referred to an industrial technology advisor (ITA). Following your ITA’s assessment of your business and proposed project, they may invite you to develop a project proposal for financial support through NRC IRAP. Your proposal will be assessed within three months, taking into consideration:
If successful, you’ll receive the financial contribution to share the costs of your R&D project activities, and you will need to submit monthly reimbursement claims to NRC IRAP.
Funding Level(s): up to $10 million
Maximum total investment by all government(s) (Stacking): Maximum of 75% of salary costs.
* May be combined with Provincial level funding such as Mitacs Accelerate
Purpose: Funding R&D costs for a project.
Deadline: Open and ongoing.
With 150+ grants available for your business, Arctech Accelerlate can get you the funding you need to expand your business. Contact us to find the grant best suited for your business needs.